AerCap Secures 162 Leases and Completes $3.6B in Financing in Q2 2024
$AER
Diversified Commercial Services
Consumer Discretionary
AerCap Holdings N.V. ("AerCap") (NYSE:AER) has announced its major business transactions during the second quarter 2024:
- Signed 162 lease agreements, including 6 widebody aircraft, 88 narrowbody aircraft, 47 engines and 21 helicopters.
- Completed 47 purchases for 25 aircraft (including 2 Airbus A220 Family aircraft, 15 Airbus A320neo Family aircraft, 3 Airbus A330neos, 2 Boeing 737 MAX aircraft, 1 Boeing 787-9 and 2 Embraer E195-E2s for AerCap's owned aircraft portfolio), 20 engines and 2 helicopters.
- Completed 37 sale transactions for 29 aircraft (including 4 Airbus A320 Family aircraft, 9 Airbus A320neo Family aircraft, 1 Airbus A330, 7 Boeing 737NGs, 2 Boeing 737 MAX aircraft, 1 Boeing 777-300ER and 4 Embraer E190s from AerCap's owned aircraft portfolio and 1 aircraft from AerCap's managed aircraft portfolio), 7 engines (including 2 engines from AerCap's owned engine portfolio and 5 engines from AerCap's managed engine portfolio) and 1 helicopter.
- Repurchased approximately 3.9 million shares, at an average price of $88.66 per share, for a total of approximately $345 million.
- Paid first quarterly cash dividend on ordinary shares of $0.25 per share.
- Signed financing transactions for approximately $3.6 billion.